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Help System Announcements (Unread Brief Exercise G-6 Andy Finley borrowed $39,500 on July 1, 2015. This amount plus accrued interest at 5% compounded annually is
Help System Announcements (Unread Brief Exercise G-6 Andy Finley borrowed $39,500 on July 1, 2015. This amount plus accrued interest at 5% compounded annually is to be repaid on July 1, 2020. Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) How much will Andy have to repay on July 1, 2020? (Round answer to 2 decimal places, e.g. 25.25.) Amount to be repaid on July 1, 2020 LINK TO TEXT Brief Exercise G-8 Click here to view the factor table (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) (a) What is the present value of $32,300 due 11 periods from now, discounted at 11% (Round answer to 2 decimal places, e.g. 25.25.) Present value (b) What is the present value of $32,300 to be received at the end of each of 6 periods, discounted at 12%? (Round answer to 2 decimal places.. 25.25.) Present value LINK TO TEXT Brief Exercise G-9 Lincoln Company is considering an investment that will return a lump sum of $725,600, 5 years from now. Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) What amount should Lincoln Company pay for this investment to earn an 9% return? (Round answer to 2 decimal places, e.g. 25.25.) Lincoln Company should pays LINK TO TEXT Brief Exercise G-10 Foley Company earns 8% on an investment that will return $515,700, 8 years from now. Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) What is the amount Foley should invest now to earn this rate of return? (Round answer to 2 decimal places, e.g. 25.25.) Foley Company should invest LINK TO TEXT
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